Someone just made a $147,239,214 Bitcoin transfer

Re:Someone just made a $147,239,214 Bitcoin transfer by nostromo on Friday November 22, 2013 @02:06PM (#6782975)

Choice is good. People shouldn't be forced to use banks or bitcoin.

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Re:Someone just made a $147,239,214 Bitcoin transfer by mpyne on Friday November 22, 2013 @03:33PM (#6783523)

Who's forcing anyone to use a bank even without Bitcoin?

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Re:Someone just made a $147,239,214 Bitcoin transfer by SilasX on Friday November 22, 2013 @04:33PM (#6783907)

Two words: inflation.

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Re:Someone just made a $147,239,214 Bitcoin transfer by mpyne on Friday November 22, 2013 @10:33PM (#6785079)

You're not actually under the impression that Bitcoin value will maintain value over time, are you? If you use banks because of the "cost" of holding cash then you will very well have to engage in the same type of speculation as the "cost" of holding Bitcoin. At least the bank can effectively guarantee your investment will be worth more in numerical terms over time, raw Bitcoin can guarantee no such thing.

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Re:Someone just made a $147,239,214 Bitcoin transfer by ceejayoz on Friday November 22, 2013 @06:49PM (#6784515)

That's one, and banks hardly help with inflation at today's 0.01% interest rates.

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Re:Someone just made a $147,239,214 Bitcoin transfer by SilasX on Friday November 22, 2013 @07:32PM (#6784647)

True, but other than the recent years it was necessary and effective to put your money in a bank to counteract inflation.

Sorry about the fencepost error. (Perhaps I was originally intending to say "inflationary finance"?)

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Re:Someone just made a $147,239,214 Bitcoin transfer by foobarian on Friday November 22, 2013 @08:45PM (#6784852)

You mean you didn't actually intend to make that clever and subtle joke? :-(

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Re:Someone just made a $147,239,214 Bitcoin transfer by wallzz on Friday November 22, 2013 @07:08PM (#6784579)

that's one word

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Re:Someone just made a $147,239,214 Bitcoin transfer by codehalo on Friday November 22, 2013 @08:21PM (#6784783)

This site is becoming more and more painful to visit...

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Re:Someone just made a $147,239,214 Bitcoin transfer by fzltrp on Friday November 22, 2013 @07:54PM (#6784719)

Give it some time.

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Re:Someone just made a $147,239,214 Bitcoin transfer by sjwright on Friday November 22, 2013 @08:02PM (#6784739)

I see what you did there.

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Re:Someone just made a $147,239,214 Bitcoin transfer by shitgoose on Saturday November 23, 2013 @09:46AM (#6786040)

The second word is invisible to fools.

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